July 18: Ambica Shrestha, a renowned female entrepreneur, tourism businessperson, and chairperson of Dwarika's Hotel, has passed away.

The 91-year-old Shrestha passed away this morning while undergoing treatment at Medicity Hospital in Lalitpur, according to Binayak Shah, President of Hotel Association Nepal (HAN).

Expressing sorrow over the news of her passing, Shah stated that her death is an irreplaceable loss to Nepal's tourism sector. "She played a significant role and made numerous contributions in introducing Nepali tourism and boutique/heritage hotels to the world," Shah said, "Her demise is an irreplaceable loss to tourism sector."

Ambica Shrestha was one of Nepal's successful female entrepreneurs. She was currently serving as the chairperson of Dwarika's Hotel.

Born on February 12, 1933, in Sikkim, India, Ambica studied at Loreto Convent School in Darjeeling. She completed her undergraduate studies in commerce at Patna University.

After marrying Dwarikadas Shrestha, a member of a prominent business family in Nepal, she moved to Kathmandu. After the death of her husband, who was also the chairperson of Dwarika's Hotel, she assumed the role of chairperson.

As a successful female entrepreneur, she received various national honors. She was also honored with the 'Lifetime Achievement in Business Leadership' award at the sixth 'NewBiz Business Conclave and Awards-2019'.

In recognition of her unparalleled contributions to the Nepali industry, Shrestha was presented with this honor. She was the founding chairperson of Nepal's first boutique hotel, Dwarika's Hotel. Apart from this, she was involved with more than a dozen social organizations.